KCM CONSTRUCT
ActiveSummary
KCM CONSTRUCT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €428. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 12.2 against 16.62 in 2024; short-term debt: 7% and cash: 7.1% of total assets), and 7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
8 d early
2023
33 d early
2022
31 d late
2021
34 d early
2020
28 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€107k▲ 0.4%
2024 · €107k
2018: €82klowest in 8 years
2019: €83k▲ +2.0% vs 2018
2020: €93k▲ +11.7% vs 2019
2021: €94k▲ +1.1% vs 2020
2022: €95k▲ +1.0% vs 2021
2023: €104k▲ +9.7% vs 2022
2024: €107k▲ +2.6% vs 2023
2025: €107k▲ +0.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€116k▼ 0.1%
2024 · €116k
2018: €91klowest in 8 years
2019: €93k▲ +1.6% vs 2018
2020: €104k▲ +11.9% vs 2019
2021: €104k▲ +0.3% vs 2020
2022: €106k▲ +1.6% vs 2021
2023: €110k▲ +3.8% vs 2022
2024: €116k▲ +5.3% vs 2023highest in 8 years
2025: €116k▼ -0.1% vs 2024
2018 → 2025
Net result
€428▼ 84.3%
2024 · €3k
2018: €6k
2019: €2k▼ -72.7% vs 2018
2020: €10k▲ +494% vs 2019highest in 8 years
2021: €1k▼ -89.6% vs 2020
2022: €968▼ -4.7% vs 2021
2023: €9k▲ +852% vs 2022
2024: €3k▼ -70.5% vs 2023
2025: €428▼ -84.3% vs 2024lowest in 8 years
2018 → 2025
Working capital
€90k▼ 15.1%
2024 · €106k
2018: €81k
2019: €83k▲ +2.7% vs 2018
2020: €69k▼ -16.6% vs 2019lowest in 8 years
2021: €76k▲ +10.3% vs 2020
2022: €80k▲ +5.4% vs 2021
2023: €96k▲ +19.1% vs 2022
2024: €106k▲ +11.0% vs 2023highest in 8 years
2025: €90k▼ -15.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€94k-€95k▲ 1.0%€104k▲ 9.7%€107k▲ 2.6%€107k▲ 0.4%
2021: €94klowest in 5 years
2022: €95k▲ +1.0% vs 2021
2023: €104k▲ +9.7% vs 2022
2024: €107k▲ +2.6% vs 2023
2025: €107k▲ +0.4% vs 2024highest in 5 years
Operating result€1k-€1k▼ 3.1%€11k▲ 938%€3k▼ 72.0%€706▼ 76.3%
2021: €1k
2022: €1k▼ -3.1% vs 2021
2023: €11k▲ +938% vs 2022highest in 5 years
2024: €3k▼ -72.0% vs 2023
2025: €706▼ -76.3% vs 2024lowest in 5 years
Net result€1k-€968▼ 4.7%€9k▲ 852%€3k▼ 70.5%€428▼ 84.3%
2021: €1k
2022: €968▼ -4.7% vs 2021
2023: €9k▲ +852% vs 2022highest in 5 years
2024: €3k▼ -70.5% vs 2023
2025: €428▼ -84.3% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€17k ▲ 598%
Current assets
€98k ▼ 13.1%
Equity and liabilities €116k
Equity
€107k ▲ 0.4%
Debt
€8k ▼ 6.3%
Debt's share of the balance-sheet total falls from 7.4% to 7.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▼
2024 · €9k
Cash flow
€3k▼
2024 · €9k
Current ratio
12.20▼
2024 · 16.62
Quick ratio
10.69▼
2024 · 14.93
Debt to equity
0.08▼
2024 · 0.08
ROE
0.4%▼
2024 · 2.5%
ROA
0.4%▼
2024 · 2.4%
Interest coverage
18.18▼
2024 · 122.48
Debt ≤ 1 year
€8k▲
2024 · €7k
Income taxes
€230▼
2024 · €847
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€116k€116k▼
Fixed assets21/28€2k€17k▲
Tangible fixed assets22/27€2k€17k▲
Furniture and vehicles24€2k€17k▲
Current assets29/58€113k€98k▼
Stocks and contracts in progress3€11k€12k▲
Stocks30/36€11k€12k▲
Amounts receivable within one year40/41€74k€76k▲
Trade receivables40€74k€76k▲
Other amounts receivable41€82-
Cash at bank and in hand54/58€27k€8k▼
Deferred charges and accrued income490/1€789€2k▲
Equity and liabilities
Total equity and liabilities10/49€116k€116k▼
Equity10/15€107k€107k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€87k€87k▲
Amounts payable17/49€9k€8k▼
Amounts payable within one year42/48€7k€8k▲
Trade debts44€942€217▼
Suppliers440/4€942€217▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€4k▲
Remuneration and social security454/9€205€1k▲
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€3k▼
Other operating charges640/8€149€948▲
Gross operating margin9900€9k€4k▼
Operating profit (loss)9901€3k€706▼
Financial income75/76B€667€147▼
Recurring financial income75€667€147▼
Financial charges65/66B€74€195▲
Recurring financial charges65€74€195▲
Profit (loss) for the period before taxes9903€4k€658▼
Income taxes67/77€847€230▼
Profit (loss) for the period9904€3k€428▼
Profit (loss) for the period to be appropriated9905€3k€428▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€87k▲
Profit (loss) brought forward from the previous period14P€84k€87k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €6k | €3k | ▼ 52.8% |
| Other operating charges640/8 | €624 | €523 | €533 | €149 | €948 | ▲ 537% |
| Gross operating margin9900 | €7k | €7k | €17k | €9k | €4k | ▼ 50.8% |
| Operating profit (loss)9901 | €1k | €1k | €11k | €3k | €706 | ▼ 76.3% |
| Financial income75/76B | €383 | €343 | €1k | €667 | €147 | ▼ 77.9% |
| Recurring financial income75 | €383 | €343 | €1k | €667 | €147 | ▼ 77.9% |
| Financial charges65/66B | €134 | €69 | €71 | €74 | €195 | ▲ 166% |
| Recurring financial charges65 | €134 | €69 | €71 | €74 | €195 | ▲ 166% |
| Profit (loss) for the period before taxes9903 | €1k | €1k | €12k | €4k | €658 | ▼ 81.6% |
| Income taxes67/77 | €292 | €331 | €2k | €847 | €230 | ▼ 72.8% |
| Profit (loss) for the period9904 | €1k | €968 | €9k | €3k | €428 | ▼ 84.3% |
| Profit (loss) for the period to be appropriated9905 | €1k | €968 | €9k | €3k | €428 | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104k | €106k | €110k | €116k | €116k | ▼ 0.1% |
| Fixed assets21/28 | €19k | €15k | €8k | €2k | €17k | ▲ 598% |
| Tangible fixed assets22/27 | €19k | €15k | €8k | €2k | €17k | ▲ 598% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €19k | €15k | €8k | €2k | €17k | ▲ 598% |
| Financial fixed assets28 | €400 | - | - | - | - | - |
| Current assets29/58 | €85k | €91k | €101k | €113k | €98k | ▼ 13.1% |
| Stocks and contracts in progress3 | €1k | €2k | €4k | €11k | €12k | ▲ 6.5% |
| Stocks30/36 | €1k | €2k | €4k | €11k | €12k | ▲ 6.5% |
| Amounts receivable within one year40/41 | €62k | €58k | €56k | €74k | €76k | ▲ 2.1% |
| Trade receivables40 | €62k | €58k | €56k | €74k | €76k | ▲ 2.2% |
| Other amounts receivable41 | €55 | - | €82 | €82 | - | - |
| Cash at bank and in hand54/58 | €21k | €31k | €41k | €27k | €8k | ▼ 69.4% |
| Deferred charges and accrued income490/1 | €653 | €762 | €854 | €789 | €2k | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104k | €106k | €110k | €116k | €116k | ▼ 0.1% |
| Equity10/15 | €94k | €95k | €104k | €107k | €107k | ▲ 0.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €74k | €75k | €84k | €87k | €87k | ▲ 0.5% |
| Amounts payable17/49 | €10k | €11k | €5k | €9k | €8k | ▼ 6.3% |
| Amounts payable within one year42/48 | €9k | €11k | €5k | €7k | €8k | ▲ 18.4% |
| Trade debts44 | - | - | €93 | €942 | €217 | ▼ 76.9% |
| Suppliers440/4 | - | - | €93 | €942 | €217 | ▼ 76.9% |
| Taxes, remuneration and social security45 | €5k | €9k | €4k | €3k | €6k | ▲ 62.2% |
| Taxes450/3 | €5k | €9k | €4k | €3k | €4k | ▲ 27.3% |
| Remuneration and social security454/9 | €10 | €270 | €205 | €205 | €1k | ▲ 611% |
| Other amounts payable47/48 | €4k | €1k | €1k | €2k | €2k | ▼ 6.1% |
| Accrued charges and deferred income492/3 | €1k | - | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €968 | €9k | €3k | €428 | ▼ 84.3% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €6k | €3k | ▼ 52.8% |
| Operating cash flow (approximation) | €7k | €7k | €15k | €9k | €3k | ▼ 62.6% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-18k | - |
| Change in cash | - | €11k | €9k | €-14k | €-19k | ▼ 34.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €428 ▼84.3%
Net result drops to €428, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 18.46
Current ratio from 8.53 to 18.46; short-term debt falls from €11k to €5k.
31-12
Financial
Equity above €100kEq €104k ▲9.7%
6 profitable years in a row build equity to €104k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲494%
Operating result €12k, net result €10k, both a record.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2002
Ground area
1,744 m²
Building footprint
717 m²
Volume, LiDAR
4,294 m³
2 parcels, Brussels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Langestraat 47, 1741 Ternat
since 20022.101.538.157
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23091B0060/00C000 | Flanders | 1,348 m² | 1 · 325 m² | 6.0 m · 1 fl. |
| 21384D0126/00A012 | Brussels | 396 m² | 1 · 392 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Balen · Eq €107,552
TOITS MONTOIS CONSTRUCT
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BE 0727.770.907
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Of 8,566 companies in sector 43410 we hold annual accounts for 4,363. 3,813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.